Apple sets record for company value at $621B
By Peter SvenssonAssociated Press

In this file photo taken March 7, 2012, the Apple logo is projected during an announcement in San Francisco. Apple is the world’s most valuable company as its surging stock propelled the company’s value to $621 billion on Monday, Aug. 20, 2012. AP PHOTO/PAUL SAKUMA
NEW YORK—Apple is the world’s most valuable company, ever.
On Monday, its surging stock propelled the company’s value to $621 billion, beating the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom.
Apple’s stock has hit new highs recently because of optimism around what is believed to be the impending launch of the iPhone 5, and possibly a smaller, cheaper iPad.
Apple Inc. has been the world’s most valuable company since the end of last year. It’s now worth 53 percent more than No. 2 Exxon Mobil Corp.
The comparison to Microsoft does not take inflation into account. In inflation-adjusted dollars, the software giant was worth about $850 billion on Dec. 30, 1999. Microsoft is now worth $257 billion.
Other Stories:
Recent Stories:
Beijing warns PH on talks with Taipei 22 mins elapsed
Hunky star, dangerous lover play with fire 2 hours elapsed
Nadal prepares for Wimbledon challenge 3 hours elapsed
‘World War Z’ draws massive crowd in NYC 3 hours elapsed
Mikael Daez is a ‘peace envoy’ 3 hours elapsed
Superman reboot ‘Man of Steel’ soars over US box office 3 hours elapsed
Review board clarifies idea of ‘academy’ for comedians 3 hours elapsed
Tags: Apple , Biggest Company , technology , US